BlackRock’s IBIT nearly doubles gold ETF’s 20-year AUM benchmark in less than 12 months

Since the launch of the world’s largest asset manager BlackRock’s Bitcoin exchange-traded fund (ETF) in January 2024, the fund has seen exponential growth, sometimes crushing milestones.

In a tweet, Ki Young Ju, the founder and CEO of market analysis platform CryptoQuant, highlighted the latest feat for BlackRock’s iShares Bitcoin Trust (IBIT). The ETF’s assets under management (AUM) are nearly double the figure it took the BlackRock iShares Gold Trust (IAU) 20 years to achieve.

BlackRock’s gold ETF took 20 years to reach $33 billion in AUM, while its #Bitcoin The ETF almost doubled gold’s AUM in less than a year. pic.twitter.com/CAkxX2xQZo

— Ki Young Ju (@ki_young_ju) December 18, 2024

IBIT doubles 20-year AUM in one year

According to Ju’s tweet, BlackRock’s gold ETF reached $33 billion in AUM by 2024 after 20 years of trading. However, data from crypto derivatives data analytics platform CoinGlass shows IBIT’s AUM at $58.57 billion at the time of writing. This figure is almost double the AUM of the IAU, and it took IBIT less than a year to reach the milestone.

Earlier this month, CryptoPotato reported that IBIT became the fastest ETF to reach $50 billion in AUM, smashing the milestone 5x faster than any fund ever launched. The previous record holder, BlackRock’s iShares Core MSCI EAFE ETF ( IEFA ), took 1,329 days to reach $50 billion in AUM, while IBIT accomplished the feat in 228 days.

It is worth mentioning that these feats have been fueled by the rise in the price of bitcoin (BTC). The cryptocurrency hit $100,000 for the first time on December 5 and has since risen to $108,200.

Overwhelming milestones and exponential growth

In addition to doubling IAU’s 20-year AUM and smashing the $50 billion milestone faster than any other fund, IBIT has recorded other notable accomplishments since the U.S. Securities and Exchange Commission (SEC) give the green light to its listing on January 11.

The BlackRock spot Bitcoin ETF reached $10 billion AUM within seven weeks of launch, a feat attributed to 150 of the 3,400 ETFs traded worldwide. IBIT joined the top ten US ETFs with the longest inflow streak after seeing non-stop inflows for 71 days after launch.

In addition, IBIT surpassed the AUM of the Grayscale Bitcoin Trust (GBTC) in 96 years of trading, becoming the largest spot Bitcoin ETF with 288,671 BTC; the fund’s holdings have increased to 549,920 BTC, consolidating its position as the largest Bitcoin ETF by trading volume, AUM and market cap.

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